RBPlat quintuples cash pile as it enjoys record PGM prices

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RBPlat quintuples cash pile as it enjoys record PGM prices
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Group left with R3.6bn in net cash at end of its half-year to end-June

Royal Bafokeng Platinum says its net cash pile rose more than fivefold to R3.6bn in its half-year to end-June, as it raked in the benefits of higher production and record rand pricing for its platinum group metals .

Supply concerns and a global economic rebound have supported commodity prices in 2021, with RBPlat saying on Tuesday revenue for its six months ending June more than doubled to R9.6bn...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

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